Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.055%

Price spread now: MEXC against QFEX−0.016%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on QFEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.016%, 7d avg +0.041%

Together, before fees+0.139%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.057% cheaper against QFEX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.041%). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	61.160	0.0050	pay 0.0006% / 1h	25m 17s	$996K	$84K	10x
Short	MEXC DRAM_USDT	61.150	0.0167	get 0.0167% / 8h	2h 25m	$8.1M	$5.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee MEXCbpOrdersPrice spread, now −0.016%Rate

Funding earned: $24.64
Price spread: −0.016% → +0.041%: −$5.72
Slippage, 4 orders: −$6.55
Fee QFEX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $2.36
Costs to cover: 0.166%
Break-even: 6.3 days

Slippage from QFEX: live order book, 9 min ago; MEXC: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 9 min ago	2.46 bp	7.5 bp −$7	8.8 bp −$88	15.3 bp −$1,530	doesn't fit
Sell MEXC live order book, 3 min ago	0.82 bp	0.8 bp −$1	2.1 bp −$21	7.0 bp −$697	doesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DRAMUSDT	−0.0430%	8h	61.210	+0.082%	$25.9M	$14.0M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.133	−0.045%	$423K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.140	−0.033%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.180	+0.033%	$669	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	−0.343%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.190	+0.049%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0013%	8h	61.160	0.000%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.100	−0.098%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0035%	8h	61.180	+0.033%	$5.5M	$5.6M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.040	−0.196%	$48K	$75K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.130	−0.049%	—	—	10x	as long as short
QFEX DRAM-USDlong	+0.0050%	1h	61.160	long leg	$996K	$84K	10x
Entropy io:DRAM	+0.0050%	1h	61.054	−0.173%	$169K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.149	−0.018%	$257K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.103	−0.093%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.060	−0.164%	$1.1M	$3.2M	10x	as long as short
edgeX DRAMUSDC	+0.0055%	4h	60.942	−0.357%	$148K	$297K	20x	as long as short
Aster DRAMUSDT	+0.0060%	8h	61.129	−0.050%	$197K	$35K	20x	as long as short
Gate DRAM_USDT	+0.0079%	8h	61.200	+0.065%	$8.0M	$3.7M	75x	as long as short
Pacifica DRAM	+0.0100%	1h	61.097	−0.103%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.100	−0.098%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.990	−0.278%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.110	−0.082%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0100%	8h	61.097	−0.103%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.112	−0.079%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0113%	8h	61.095	−0.106%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0130%	1h	61.135	−0.041%	$79.2M	$36.0M	20x	as long as short
BloFin DRAM-USDT	+0.0134%	8h	61.190	+0.049%	$302K	$26K	20x	as long as short
MEXC DRAM_USDTshort	+0.0167%	8h	61.150	−0.016%	$8.1M	$5.6M	100x
Binance DRAMUSDT	+0.0168%	8h	61.150	−0.016%	$43.8M	$85.7M	50x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.141	−0.031%	$76K	$191K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	−0.164%	$524K	$74K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.148	−0.020%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.140	−0.033%	$13K	$3K	20x	as long as short